Wednesday, May 23, 2007

UPDATE 1-Spectrum Brands CEO steps down

(Reuters) - The departure of Jones, 57, comes less than two weeks after
Spectrum posted a hefty quarterly loss, pressured by a major
impairment charge, and signaled that it may be months before it
sells any assets.




The company, which grew rapidly through acquisitions during
Jones' tenure, has been trying to sell its home and garden
business for months and is looking at selling other assets.


Read more at Reuters.com Mergers News

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